UK sees fastest fall in home ownership than any other EU country

Strict lending practices and runaway house prices have blocked young buyers from getting onto the property ladder

LAST UPDATED: 10 Mar, 2017 @ 16:53
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NBfL-Bus-London-THA-3465THE UK has seen the fastest fall in home ownership since the financial crash than any other European country.

Strict lending practices and runaway house prices have blocked young buyers from getting onto the property ladder.

Figures from Eurostat show that the amount of Brits who are homeowners has fallen by 11% in the last ten years to 63%.

It comes as Spain was revealed to have the highest level of home ownership in western Europe, at 78%.

Only 26% of Brits own their homes outright, compared with 55% in Italy and 75% in Poland.

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  1. The UK is headed for a massive housing crash, much like Spain suffered, indeed many sellers are already reducing their asking prices, some by hundreds of thousands of pounds. Spain, with all of its empty properties, could do so well out of this, if only they could sort of their corruption and awful property laws. A post Brexit deal on reciprocal rights of UK and Spanish people would add a lot of weight too.

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